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Elon Musk's Tesla enters India, first showroom will open in..., THIS supercar will be launched on opening day
Elon Musk's Tesla enters India, first showroom will open in..., THIS supercar will be launched on opening day

India.com

time12-07-2025

  • Automotive
  • India.com

Elon Musk's Tesla enters India, first showroom will open in..., THIS supercar will be launched on opening day

Elon Musk's Tesla enters India, first showroom will open in..., THIS supercar will be launched on opening day The wait is finally over for Tesla car lovers. Elon Musk's world famous electric car company Tesla is finally going to mark its presence in India. After long speculations and discussions, it is now clear that Tesla's first showroom will be opened in Mumbai on 15 July 2025. This will be Tesla's first experience center, where customers will be able to experience Tesla's luxury and high-performance electric cars. Where will be the showroom? According to sources, this Tesla showroom is opening in a 4000 square feet retail space located near Mumbai's Bandra Kurla Complex (BKC). This location is very close to Apple's flagship store, making this area a new hotspot for premium technology and automobile brands in India. Not just the showroom, Tesla has leased a space spread over 24,500 square feet in Kurla West area of Mumbai, which will work as a vehicle service center. The company has leased this space for 5 years, which includes a rent of about ₹ 37.5 lakh per month and a total expenditure of more than ₹ 25 crore. So far, four major locations of Tesla have been identified in India: * Engineering Hub – Pune * Registered Office – Bengaluru * Temporary Office – BKC, Mumbai * New Showroom and Service Center – Mumbai Which Tesla car will be launched? Although the company has not officially confirmed the launch model, industry experts believe that Tesla Model-3 and Model-Y can be launched first in India. Model-3 is Tesla's cheapest and most popular sedan, which has been a bestseller in the EV segment worldwide. Model-Y is a premium SUV, which is considered to be the best for Indian roads. No planning for manufacturing Currently, Tesla is only planning to import and sell its vehicles in India. Union Heavy Industries Minister H.D. Kumaraswamy has clarified that Tesla does not want to manufacture in India right now, it is only setting up sales and service network. What are expectations from the government's new EV policy? Recently, the central government has announced a new EV policy, which aims to attract global EV companies to invest in India. With this policy, it is expected that in the coming years, brands like Tesla will not only plan sales but also manufacturing in India.

Revanna holds meeting with HIMS, Health Dept. officers over sudden deaths in Hassan
Revanna holds meeting with HIMS, Health Dept. officers over sudden deaths in Hassan

The Hindu

time08-07-2025

  • Health
  • The Hindu

Revanna holds meeting with HIMS, Health Dept. officers over sudden deaths in Hassan

Former Minister and Holenarasipur MLA H.D. Revanna, on Tuesday, held a meeting with officers of Hassan Institute of Medical Sciences and the Department of Health and Family Welfare regarding the recent sudden deaths reported in Hassan district. Mr. Revanna told the officers that the people were in shock over a series of deaths due to heart-related ailments. Many private hospitals and clinics have been allegedly using this opportunity to make money by charging high fee for tests. The officers should ensure the government ambulances work throughout the day and do not take patients to private hospitals, he said. He pointed out that the district has a medical college and a super-speciality hospital as well. Given the facilities available, the patients need not go to private hospitals. He also instructed the officials to take action against the doctors who recommend patients to private hospitals. Speaking to press persons, the JD(S) MLA pointed out the absence of a Cath Lab system, an interventional imaging platform helpful to treat people with heart problems, at the HIMS. He said that the system had not been set up even after it was sanctioned and the institute had sufficient funds to procure it. He demanded that the HIMS should conduct Electrocardiogram (ECG) and Echocardiogram (Echo) tests, free of cost, utilising the user's fund of the institute. Citing addiction to alcohol as one of the reasons for heart attacks, Mr. Revanna suggested closing liquor shops by 8 p.m. in Hassan city. Legislators A. Manju, C.N. Balakrishna, H.P. Swaroop, HIMS director B. Rajanna, and DHO Anil Kumar, among others were present at the meeting.

Chinese motors instead of Chinese magnets? Yes, but there's a problem
Chinese motors instead of Chinese magnets? Yes, but there's a problem

Mint

time07-07-2025

  • Automotive
  • Mint

Chinese motors instead of Chinese magnets? Yes, but there's a problem

Automakers looking to import fully made motors to skirt China's export ban on rare earth magnets have called for lower import duties and easier local content requirements. Passing on the duty burden on imported motors will raise vehicle prices, and manufacturers will miss out on production incentives with strict local content rules, the Society of Indian Automobile Manufacturers (Siam) wrote to the government. Production could come to a complete halt for several models if the motors aren't available. 'In the current scenario when there is a restriction on import of standalone magnets, full assembly/allied components/sub-assemblies will have to be imported which shall attract a basic customs duty (BCD) of 15% leading to increase in cost of the vehicles," the lobby of automakers wrote to the heavy industries ministry on 27 June. Mint has seen a copy of the letter. Electric vehicles are powered by traction motors connected to a battery, while sensors, telemetry and other electronic functions of all vehicles use rare earth magnets. India's automakers have so far failed to meet Chinese officials to quicken the approval process, highlighting the external dependence for these critical items, as well as the vulnerability of global supply chains. Local woes Siam also requested easier localization norms in production-linked incentive schemes and PM E-Drive, which will allow them to use imported material in vehicles without being disqualified for incentives. 'Applicants under both the PM-E Drive Scheme and Auto PLI Scheme should be granted temporary exemption/relaxation from the compliance requirements under PMP (phased manufacturing programme) timelines and DVA (domestic value addition) thresholds, specifically for components/aggregates affected by the REM supply crisis," the industry body wrote, urging the heavy industries ministry to request the finance ministry for a maximum of 7.5% BCD on motors. Siam counts nearly all major automakers such as Maruti Suzuki India Ltd, Hyundai Motor India Ltd, Tata Motors Ltd, Bajaj Auto Ltd, Mahindra and Mahindra Ltd, and TVS Motor Co. as its members. Queries emailed to the industry body remained unanswered. "If China relaxes its restrictions, then we will return to normal; but if it doesn't, there are no quick solutions," S.B. Mohanty, acting chairman and managing director of IREL Ltd, the state-owned rare earths company, told Mint in a recent interview. Subsidy scheme New Delhi will decide on a scheme to subsidize domestic production of rare earth magnets, heavy industries minister H.D. Kumaraswamy said on 24 June, adding stakeholder consultations are underway. Experts fear that any increase in cost in the current situation may be passed on to consumers as margins in the automobile industry are thin. As per Harshvardhan Sharma, group head for auto tech and innovation at Nomura Research Institute Consulting & Solutions India, the difference in duties, combined with logistics and markup by motor makers, can increase the landed cost of motors by 18-25%. 'Any increase in motor prices — due to full motor imports — cascades directly into final vehicle pricing unless offset by subsidies or economies of scale," Sharma notes. The most critical component using the rare earth magnet is the traction motors, the heart of an electric vehicle. In multiple consultations with the government over the last few months, manufacturers have conveyed that production lines will be threatened if the situation is not resolved soon. Bajaj Auto leadership warned during its post results earnings call on 29 May that production output will come under threat starting from July. Chinese grip Srihari Mulgund, partner at EY Parthenon, a consultancy, said that relying on imports for motors will give China a control on the market dynamics. 'China has capacity to meet India's demand and for its low-voltage motors used in two-wheelers and three-wheelers, India can emerge as a key player. As this industry already works on wafer thin margins, any cost increase is likely to be passed through, which will have a bearing on the demand environment," he said. In 2025, Maruti Suzuki, Mahindra, Tata Motors and Hyundai have already raised prices by 1-4%. At a time when country's carmakers are reporting a weak market, experts fear the impact any price hike can have particularly when the festive season is set to start from the next month. 'Along with the cost increase, automakers will have to deal with compliance cost increase as well due to the fact new motors will have to be homologated with the authorities," Mulgund added. Slow crawl According to industry estimates, India's car market will see a 1-2% growth in FY26. In 2025, the market grew by 2% to 4.3 million units. As per two people in the know, Chinese vendors told companies looking to import rare earth magnets to buy the motors directly instead of buying the raw material required to make them locally. 'If motors begin to be imported from China, it will put our localization efforts under threat and make firms more dependent on China," one of the persons mentioned above said. Increasing dependence on China, especially in the manufacturing of clean fuel vehicles, will also pose a hurdle to the Make in India initiative. Nomura Research Institute's estimates suggest that in electric two-wheelers, the traction motor forms 13-18% of bill of materials cost. In passenger EVs, the motor contributes 8-10%, with batteries making up 35-40%. With Chinese manufacturers looking to target higher-value components, experts warn that the latest crisis has given its companies an opportunity.

Trio of talented WRs to commit July 1 at WR Retreat in Florida
Trio of talented WRs to commit July 1 at WR Retreat in Florida

NBC Sports

time26-06-2025

  • Sport
  • NBC Sports

Trio of talented WRs to commit July 1 at WR Retreat in Florida

Nicole Auerbach and Joshua Perry discuss the media deal for the new Pac-12, breaking down what's next for the conference and how it can carve out a spot within the modern landscape of college football. The wide receiver position, by perception and certainly dollar amount at the highest level, has become the next premium position in football at every level. Specialization comes nearly 12 months a year and the NCAA dead period into the month of July is no different. At the H.D. Performance WR Retreat, it will not only feature several days of work with wideouts from the prep level to college and beyond, but a trio of prospects will come off the board with live verbal commitments as well. Class of 2026 standouts Larry Miles, Brian Williams Jr. and Barrett Schulz -- each from the Orlando area -- will go public with their picks the evening of July 1 as part of the event's festivities. Miles, out of Orlando (Fla.) Jones, is a top-10 slot receiver recruit nationally who broke out in 2024 as Jones reached the state title game. This offseason, his crisp route-running and overall polish has expanded his offer list beyond 40 programs. He just wrapped up a busy official visit stretch, too, checking out Pitt, Nebraska and Kentucky in the month of June. Several other programs also remain in communication as the month winds down. Williams is another spring riser from a recruiting standpoint, collecting national offers as more programs saw the massive target in action this offseason. Now at Orlando (Fla.) The First Academy after his days at Lake Mary High School, Williams is entering decision-making mode after official visits to Alabama, Florida, Notre Dame and Penn State. Michigan also offered in recent weeks as more and more programs covet the 6-foot-4 playmaker. The biggest pass-catcher set to come off the board to kick off the month was Williams' teammate for a brief stretch at Lake Mary in Schulz. Officially a shade under 6-foot-6, he offers a massive catch radius and his recruitment also took another step this spring after some strong camp showings. Schulz will likely pledge to an FBS program after his own busy official visit stretch, spending time at FIU and elsewhere in June. A potential flex tight end in college, this recruitment and commitment may potentially open more doors going into the 2025 season. In addition to the wide receiver recruits set to commit, other stars in the class of 2026 and beyond will get work at the WR Retreat beginning on June 30. That list currently includes five-star Jamier Brown, committed to Ohio State, four-stars Messiah Hampton (Oregon) and Zion Legree (Wisconsin), three-star Kenyon Alston (Illinois) and many others. The event runs through July 3.

What is India's latest approach to localising EV manufacturing?
What is India's latest approach to localising EV manufacturing?

The Hindu

time08-06-2025

  • Automotive
  • The Hindu

What is India's latest approach to localising EV manufacturing?

The story so far More than a year since it was announced, the Ministry of Heavy Industries Monday notified guidelines of the Scheme to Promote Manufacturing of Electric Passenger Cars in India. The scheme reduces existing duties on import of vehicles for overseas manufacturers from the present 70-100% to 15% subject to the maker meeting minimum requirements for investment and setting up facilities in the country. However, Union Minister H.D. Kumaraswamy indicating luxury EV maker Tesla's unwillingness to manufacture in India have prompted concerns about the promise of the scheme. Also Read | Centre notifies guidelines to boost electric car production What does the policy propose? At the centre of the notified policy is the provision to reduce customs duty on the import of ready-to-ship completely assembled electric four-wheelers to 15%. This would apply to all vehicles valued at $35,000 - circumscribing cost, insurance and freight (CIF) - for a period of five years. However, this would be subject to the manufacturer investing a minimum of ₹4,150 crore over the next three years. They would also be expected to build infrastructure and facilities to enable 25% of the overall manufacturing activity be undertaken domestically (domestic value addition, or DVA) within three years, and 50% within five years. MHI specifies that a maximum of 8,000 vehicles can be imported at the reduced duty rate in a year with no carrying over of unutilised limits. The maximum duty permitted to be foregone under the scheme has been capped at ₹6,484 crore. Broadly, the objective of the overall scheme is to find a midway point where affordability for a captive market is attained, whilst also recognising that import substitution would require a layered approach and a protracted timeline. MHI calculated that an imported vehicle valued at $35,000 (₹29.75 lakh) would now be liable to pay basic customs duty of ₹4.6 lakh at the reduced 15% rate compared to ₹20.8 lakhs at the erstwhile 70% rate. Therefore, combining with IGST levied at 5% on the resulting value, the total foregone duty amount to ₹17.2 lakh with the final landing cost coming to about ₹36 lakh. Now, in line with an initial investment of ₹4,150 crore and a foregone duty of ₹17.2 lakh for each vehicle, the maker would be allowed to import 24,155 units in total. EDITORIAL | ​Falling short: On India's EV journey But does this help our overall ecosystem? Shouvik Chakraborty, Assistant Research Professor at the Political Economy Research Institute at the University of Massachusetts Amherst (U.S.) argues that a domestic industrial policy aligned with a vision for future could be a step in the right direction. Although he holds the current policy would bode well for India only if there is sharing of technology with domestic automakers. Further, he observes, 'Countries these days are extremely cautious about transferring technology outside (to maintain their competitive advantage). In that light, India must not become a domestic hub for producing components of a vehicle.' Dinesh Abrol, adjunct faculty at the Transdisciplinary Research Cluster on Sustainable Studies at JNU in Delhi, observes that no foreign firm has ever helped build some other country's ecosystem. He attributed China and South Korea's ability to build manufacturing setups to their focus on skilling, research and development alongside undertaking innovation projects. 'This enabled conditions for a technology transfer and prompting companies to come and invest into the ecosystem,' he states. Essential to note, China as the leading manufacturer of EVs accounted for 70% of the global manufacturing in 2024. The other set of concerns relate to the potentially increased focus on four-wheeler EVs, and their probable impact on India's ambitions to achieve Net Zero by 2070. According to data compiled by the Federation of Automobile Dealers Association (FADA), EVs accounted for 7.8% of all vehicles sold in FY 2025. This was predominantly led by electric three-wheelers (at 57% in its category), followed by two-wheelers (6.1%), passenger vehicles (2.6%) and commercial vehicles (0.9%). Significantly, the International Energy Association (IEA) identified India as the world's largest market for electric three-wheelers in 2024. Sales grew about 20% YoY, it observed. Mr. Chakraborty emphasises that most Indians travel by public transport, and policies must also focus on building the same. 'Means of last mile connectivity, as bikes and shuttles, is also very important. It is not of much help if one has to walk few kilometres to avail public transport. This is not how we can fight climate change' he states. The final set of concerns relate to input costs. S&P Global Mobility observed in an analysis published March this year that high initial costs, typically 20-30% higher than ICE counterparts, coupled with India's reliance on imported components and batteries 'hinder' the growth of the EV sector. It held notwithstanding government efforts to promote localisation through varied policies, the rate was 'not increasing as expected'. DATA | Union Budget 2025: Allocation for electric mobility schemes rise by 20% What about our industrial ambitions in the EV space? Other than the impact on the ecosystem, concerns in the realm extend to costs and competitiveness. Reuters had reported in December 2023 about Tata Motors opposing Tesla's proposal to lower import duties. It had argued, according to the report, lowering duties would 'vitiate' the investment climate which was premised around expectations of the tax regime favouring locals remaining unchanged. The automaker had further held that India's EV players required more government support in the early growth stage of the industry. According to IEA's EV Outlook, domestic OEMs accounted for more than 80% of the electric cars produced domestically in 2024. Additionally, it attributed a less than 15% share of Chinese imports in the country's EV sales in 2024 to high import duties on EVs and the availability of locally made, affordable electric models. Thus, the lowering of duties prompt concerns about the potential impact (though not potentially from China) on domestic industries. According to Mr. Abrol, the policy is premised around foreign-capital and is export-focussed. He suggested the policy should instead be oriented toward building local ecosystem and spurring research and development alongside innovation. Mr. Abrol holds the lack of availability of skilled persons is due to the missing contribution of the public sector. Mr. Chakraborty further states, by nature western technologies in general are more capital-intensive than those in labour-intensive economies. 'Even if it is export-oriented, it will create jobs in an area,' he states, adding, 'However, the overall context needs to be considered in terms of how many jobs it is displacing, this is also considering that EVs have less conventional parts than a gasoline-powered vehicle.'

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